Riyadh-based education technology startup, Noon Academy, has just announced a Series A funding of $8.6 million, which is the largest in the EdTech industry of Middle East and North Africa. The funding came from top VCs in the region, Raed Ventures and STV.
In a press announcement, the startup said that it will use the funding to continue building its engineering and product teams, double down on growth in its existing markets, and launch into new markets including India and disrupt the Indian EdTech space with their platform that appeals to the masses.
With over 2 million registered students and 1,500 certified tutors to date, Noon Academy is one of the fastest growing EdTech startups in the Middle East and claims to be building the largest ‘SOCIAL’ learning platform that that allows students to learn from peers, compete with them, and initiate LIVE on-demand tutoring with best teachers together within their study groups.
Founded in 2014, by Dr. Aziz Alsaeed and Mohammed Aldhalaan, Noon Academy is currently looking to hire right talent from across the globe to join the 90+ team members in Riyadh (Saudi Arabia), Bangalore (India) and Cairo (Egypt).
Recently, Noon Academy’s VP of Engineering Mohan M joined the team, a veteran specialist in technology, program and product management with a 19-year career, working for some of the biggest names in technology today: Amazon, Ola, Yahoo, and Microsoft.
Commenting on latest and only external fund-raise to date, Mohammed Aldhalaan, Co-founder and CEO of Noon Academy, said, “The biggest issue in studying isn’t comprehension; rather, it’s boredom, and that’s where Noon Academy’s unique social learning platform achieves what others can’t.”
“Noon is transforming into an open platform, where teachers around the world can start their own educational groups, allowing exceptional teachers to organically cultivate their own following and generate additional income through excellent performance and positive reviews. This approach not only dramatically improves student motivation, but also allows exceptional teachers to teach thousands of students in one group, making high-quality education accessible and affordable to the masses,” he said.